Urad

FEATURED ARTICLES ABOUT URAD - PAGE 3

MUMBAI: Urad futures saw considerable action on the National Commodity and Derivatives Exchange (NCDEX) on Tuesday with the desi contract for October delivery closing up 6% over Monday's close at Rs 3,096 per quintal. In urad, current arrivals at mandis in Maharashtra and Karnataka are 10-12,000 quintals per day which are expected to go up over the next 10 days, says Niraj Shukla, research analyst, Angel Broking. "Once this happens we expect cash urad to move down from current levels of Rs 3,800 per quintal to Rs 3,400-3,500 per quintal," Mr Shukla said.

MUMBAI: The NCDEX agri index was marginally up at 1,653.58, with commodities like urad desi, guarseeds and guargum hitting the upper circuit. The desi urad October contract ended up 5.3% at Rs 3,860 per quintal and the November contract gained 5.7% at Rs 3,706 per quintal. Chana, where demand exceeds supply, also rose with the October contract gaining over three-fifths of a per cent at Rs 3,239 per quintal and November rising over a per cent at Rs 3,268. Guarseed for October ended up 4.3% at Rs 1,800 per quintal and November gained 4.7% to end at Rs 1,843 per quintal.

MUMBAI: High margins appear to have squeezed monthly volumes in desi urad contracts, but FMC data shows otherwise. From a high of Rs 8,203 crore in September, NCDEX data reveals that monthly volume fell to just Rs 3,781 crore in November, a drop of 54%. The FMC though points to data in its possession which proves that volumes, open interest ? the outstanding buy/sell positions not liquidated ? and value of traded contracts has actually increased. FMC said that from August 31 to December 16, OI in urad has gone up from 23,220 tonnes to 29,690 tonnes.

MUMBAI: The sentiment among bullion traders in MCX was bullish, as the price looked up in the international market briefly after the US Federal Bank reaffirmed its concerns about inflation. Besides, the Bank of England raised interest rates. Gold, however, could not break out of its range of $606-$613 per ounce. After trading at $606 in Asia before closing, the price in New York was at $613 per ounce at 8 pm (IST). Buying pressure was more on MCX. Till 5 pm, at the end of the first session, February gold closed at Rs 8,885 per 10 gram, down Rs 3 while March silver closed at Rs 18,636 per kg down Rs 61. In metals segment, copper contracts registered a turnover of Rs 842.72 crore with 31,797,000 kg as volumes; while zinc registered a turnover Rs 555 crore with 32,600 tonnes as volumes.

MUMBAI: Leading agri-commodity exchange , NCDEX, today launched forward contracts in seven additional commodities, including urad, tur and yellow peas. With this, the total number of commodities available for forward trading on the NCDEX platform has increased to 26. In an official statement, NCDEX said forward contracts in seven new commodities - urad, tur, yellow peas, soyabean meal, pepper, RBD palmolein and bajra - will be on a fixed price basis. The buyer and seller would have flexibility to trade any quantity and quality of commodity at a mutually agreeable price, it added.

NEW DELHI: Much to the discomfort of consumers, retail prices of key pulses like moong have risen sharply in most parts of the country in view of likely shortfall in kharif production of lentils following deficient rains. Among metros, Chennai consumers are paying the maximum price for tur, urad and moong, followed by Delhi, Mumbai and Kolkata. People who recently battled nearly record high rates of onions and tomatoes are now faced with costly pulses. According to data maintained by the Consumer Affairs Ministry, retail price of moong has touched Rs 99 per kg today from Rs 72 per kg a year ago. Similarly, urad rate has increased to Rs 90 per kg from Rs 61, and tur price has gone up to Rs 81 per kg from 71 per kg. In Delhi, retail prices of tur, urad and moong are ruling in the range of Rs 80-88 per kg. In Mumbai and Kolkata, prices of these three pulses are in the range of Rs 78-95 per kg and Rs 73-95 per kg, respectively.

PUNE: Even as the Centre is contemplating subsidising imports of pulses to meet the domestic demand, farmers are being compelled to sell their produce below the minimum support price (MSP) as the crop does not meet the quality criteria for government procurement. In Latur district, the agricultural produce marketing committee (APMC) mandi is taking a written consent from the farmers that they are selling below the MSP out of free will as efforts to prop up prices fail. Latur is an important centre of pulses trade in Maharashtra.

MUMBAI: After onion and red chilly, it's now pulses that will fatten your grocery bill, with the price of chana and urad going up. A poor kharif crop has upset urad supply, while low stocks are taking chana prices to a new peak. While prices of other important pulses like yellow peas, tur and masoor appear to be normal these days, even these could harden in the immediate future. Urad cultivation has suffered during the last kharif season. Total crop is estimated at 8 lakh tonnes.

PUNE: The acreage under tur dal in Maharashtra is set to increase by about 10%, to 1 lakh hectare this kharif, despite the late onset of monsoons. However, this increase is at the expense of other pulses like moong and urad which cannot be sown so late in the season. Incidentally, Maharashtra is the second largest producer of pulses and it had witnessed a 50% drop in output in the past year due to erratic rains. This year appears to be a repeat, with no expectation of respite to consumers who are currently paying Rs 100 per kg for tur dal. Sowing of moong and urad has been done only on 48% and 45% area respectively, till July 17 and is not likely to increase.

NEW DELHI: There was no change in the pattern of trading on the local wholesale market on Friday as select pulses declined further due to increased stockists offering amidst sufficient stocks and closed with further moderate losses. Elsewhere, other commodities remained static in scattered deals. Traders said favourable mansoon rains in the producing regions mainly dampened market sentiment. Urad (MP), Urad (Maharastra) and Urad (Rangoon) were quoted lower at Rs 1010-1160, Rs 1000-1180 and Rs 1050-1060 against last close of Rs 1025-1180, Rs 1000-1180 and Rs 1060-1070 per quintal respectively.